A former Countrywide executive who worked closely with Mr. Mozilo and requested anonymity because he was not authorized to speak for the company, said the way his boss dressed had less to do with a desire to flaunt his wealth and more to do with his ideas of how to be a successful salesman.
And herein lies the problem. The mortgage loan business stopped being banking and became sales. When that happens all kinds of shitty loans are going to be written in the name of making the quotas.
Read the New York Times
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Not moderated but I do delete spam and I would rather that people not act like assholes.